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Indiana grocery prices continue to rise
Indiana Farm Bureau’s latest “market basket” survey shows that strong global demand was a primary driver behind higher retail prices at the supermarket during the third quarter this year. The informal survey shows that 16 food items on the survey cost an average of $50.33, an increase of $1.39 from the second quarter. Of the 16 items, 11 increased in price and 5 decreased.
Indiana Farm Bureau second vice president Isabella Chism says farmers continue to pay higher cost for fuel, fertilizer and feed and adds those costs aren’t passed along to the consumer. She said it’s after the food leaves the farm that costs for transportation and other manufacturing costs are added. American Farm Bureau economist John Anderson said as long as these costs remain elevated consumers will continue to see higher food prices at the supermarket.
Indiana Farm Bureau’s
3rd Quarter Market Basket Results
Apples, 1 lb. $2.08
Potatoes, 5 lbs. $3.59
Bagged salad mix, 1 lb. $1.88
Orange juice, 1/2 gal. $3.30
Ground chuck, 1 lb. $2.97
Sirloin tip roast, 1 lb $4.02
Bacon, 1lb. $3.92
Sliced deli ham, 1 lb. $5.26
Boneless chicken breast, 1 lb. $3.15
Whole milk, 1 gal. $3.40
Shredded cheddar cheese, 1 lb. $4.24
Grade A large eggs, 1 doz. $1.58
Flour, 5 lbs. $2.71
Vegetable oil, 32 oz. $3.20
Cereal, 10-oz. box $3.24
White bread, 20-oz. loaf $1.79
Total $50.33
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